Home Loan Repayment
Sales of houses across Tasmania surged in the first quarter of 2007, a new report showed. The latest figures from the Real Estate Institute of Tasmania (REIT) showed house sales in Hobart jumped by 17.8%, Launceston climbed by 6.5% and the Northwest centres rose by 3.8%. Unit sales were more variable, increasing in Hobart and the Northwest by 8.8% and 25% respectively, but falling in Launceston by 16.9%. This increase in demand pushed the median price in the Hobart region by around $294,000. Inner Hobart saw the biggest jump of 9.1% to $409,000 in the same period. The fastest growing suburb was Queenstown which grew by 158% to $110,000 compared to the December quarter. Mole Creek is another top performer, with prices rising by 67% to $352,000, while Turners Beach grew 59% to $286,000. The most affordable suburb in Tasmania is Rosebery, where property costs $78,000 on average. Battery Point is the most expensive suburb in Tassie with an average price of $627,500. Rose Bay is not far behind with average prices of $600,000 and Tolmans Hill's average is $572,500. Prices in Rose Bay moved ahead 69% during the quarter to March.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now